Are we in the early stages of a prolonged bear market? I certainly do not know. What I am sure of however, is that the past two months, ending April 30, 2009, have been some of the best months in recent history. It is hard to believe that less then 60 days ago most of the “experts” were predicting that the latest market bottom on March 9th was “just the beginning.” They got one part correct, it was the beginning, but not of the continued major market slide they were predicting.
Below are the results for the two months ending April 2009 for all of Dimensional Funds Advisor’s equity mutual funds with fifteen years or more of data. (I have selected to show their live results since they are one of the best, if not the best, measures of performance for different asset classes around the globe. I believe Dimensional’s performance is a better proxy to investors’ experience then using the outdated index concept.) For ten of the thirteen funds, total returns for the most recent two-month period was the highest among all two-month time periods since each fund’s respective inception.
Two Month Returns as of April 30, 2009 vs. Rolling Two-Month Returns since Inception
1 Rank of the latest two-month return against all two month periods in the portfolio's history. Past performance is no guarantee of future results.
Performance data shown represents past performance. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. All materials presented are compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed.
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